The 6% U.S. Treasury Has Arrived!

MAKNYC | May 24, 2023 | 324 posts since 2015

Bills maturing around the new perceived X-date are now over 6.2%. June 6 & 15 maturities. Time to hold ‘em or fold ‘em.

Admittedly we’re not talking get rich quick here as the time to maturity is relatively short, but I’m happy lending overpriced money any chance I get.

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lou | May 24, 2023 | 1,004 posts since 2010

Yes, this is probably worth buying if you have liquid money you don't need in the next month. It will be very interesting to see if they can get a deal done by June 1. I don't think they can but I also don't think the treasury will default on any of the treasuries coming due in June. There is plenty of revenue to pay interest on all govt debt for the month of June.

DMC | Jun 1, 2023 | 46 posts since 2023

MAKNYC, care to predict what tomorrow's 4-week T-Bill will auction for?
Lou, looks like they've got a deal done by June 1.
Guess whatever case could have been made for temporarily avoiding treasuries is now moot.

lou | Jun 1, 2023 | 1,004 posts since 2010

Agree. I did buy the 4-week bill two weeks ago with the 5.47% yield, so I am happy with how it played out.

MAKNYC | Jun 1, 2023 | 324 posts since 2015

5.00% ish. Perhaps a tad lower. The jig is up.

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